Central Federal Corporation Stock Forecast

Central Federal Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)

CFBK Signals & Forecast

There are mixed signals in the stock today. The Central Federal Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.48 and $19.68. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Central Federal Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.100 between high and low, or 0.543%. For the last week the stock has had daily average volatility of 0.746%.

Central Federal Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $17.20 (-6.54%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (CFBK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Central Federal Corporation to open at $18.43, and during the day (based on 14 day Average True Range), to move between $18.20 and $18.60, which gives a possible trading interval of +/-$0.200 (+/-1.09%) up or down from last closing price. If Central Federal Corporation takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $19.45, some $1.05 (5.71%) from the current price of $18.40, our system finds the risk reward not very attractive.

Is Central Federal Corporation stock A Buy?

Central Federal Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.823 Hold/Accumulate Upgraded

Predicted Opening Price for Central Federal Corporation of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.